Are You Eligible to File Chapter 7 Bankruptcy?

Are You Eligible to File Chapter 7 Bankruptcy? | Laraine E. Schwartz

What do you have to do to qualify for bankruptcy?

To be eligible to file Chapter 7 Bankruptcy, you must meet several criteria. Your income cannot be over a certain amount, depending on your place of residence and other specifics in the statutorily determined  “means test.” You will be denied if you have previously filed bankruptcy within the past eight years.

In order for a bankruptcy lawyer to determine your eligibility, she will need to closely examine the following:

  • Income – earned or received by you and your spouse in the last 6 months

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